Tag: irs
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IRS reminds taxpayers Direct Pay offers free, secure way to pay taxes
The IRS says Direct Pay lets taxpayers pay federal taxes free from a bank account, with no sign-in or registration, and supports same-day or scheduled payments up to 365 days ahead.
Politics and GovernmentBusinessScience & TechnologyFederal GovernmentBankingComputers and InternetEconomy IRSDirect PayTaxesFrank J. BisignanoElectronic Federal Tax Payment SystemTaxpayersOnline payments
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IRS Issues Guidance on Clean Fuels Tax Credit to Boost Biofuel Production and Agriculture
The IRS has released new guidance for the Section 45Z Clean Fuels Production Tax Credit, aiming to support domestic biofuel production and American agriculture. This guidance includes the 2026 emissions rate table and rules for manure-derived fuels.
Politics and GovernmentBusinessScience & TechnologyFederal GovernmentEconomyAgricultureClimate ChangeLegal Clean Fuels Production Tax CreditSection 45ZBiofuelIRSNotice 2026-53Working Families Tax Cuts
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IRS Issues Guidance for Clean Fuel Production Tax Credit, Boosting Biofuel and Agriculture
The IRS has released new guidance for the Section 45Z Clean Fuels Production Tax Credit, aiming to support domestic biofuel production, empower farmers and ranchers, and provide certainty for investments in rural America, ultimately lowering fuel costs.
Politics and GovernmentBusinessScience & TechnologyFederal GovernmentEconomyAgricultureEnvironmentEnergyGeneral Politics IRSClean Fuels Production Tax CreditBiofuelsFarmersTax CreditRenewable Energy
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IRS Opens Applications for 2027 Compliance Assurance Process Program
The IRS is now accepting applications for its 2027 Compliance Assurance Process (CAP) program until October 30, 2026. This program helps large corporations resolve tax issues before filing, offering greater certainty.
BusinessPolitics and GovernmentFederal GovernmentEconomyFinancial MarketsLegal IRSCompliance Assurance ProcessCAP programcorporate taxtax complianceapplicationsfinancial statements
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IRS Opens 2027 Compliance Assurance Process Applications for Corporations
The IRS is now accepting applications for its 2027 Compliance Assurance Process (CAP) program until Oct. 30, 2026. This program helps large corporations resolve tax issues before filing, offering greater certainty and improving compliance.
BusinessPolitics and GovernmentFederal GovernmentEconomyFinancial MarketsLegal IRSCompliance Assurance ProcessCAP programCorporate TaxTax ComplianceApplications2027
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IRS and Security Summit Urge Stronger Defenses Against Tax Identity Theft
The IRS and Security Summit are calling on taxpayers and tax professionals to boost security against identity theft. They recommend multifactor authentication, Identity Protection PINs, and secure online accounts to safeguard sensitive tax data.
Politics and GovernmentBusinessScience & TechnologyFederal GovernmentEconomyComputers and InternetLegalEducation IRSSecurity SummitIdentity TheftMultifactor AuthenticationIP PINTax ProfessionalsIRS Nationwide Tax Forum
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IRS and Security Summit Urge Stronger Defenses Against Tax Identity Theft
The IRS and Security Summit urge taxpayers and tax professionals to boost defenses against identity theft. Key tools include multifactor authentication, Identity Protection PINs, and secure IRS online accounts, adding vital security layers to protect sensitive data.
Politics and GovernmentBusinessScience & TechnologyFederal GovernmentComputers and InternetLegalEducation Identity TheftTax SecurityMultifactor AuthenticationIdentity Protection PINIRSSecurity SummitTax Professionals
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IRS Urges Paycheck Checkup for National Payroll Week
The IRS encourages workers to review tax withholding and employers to check payroll responsibilities during National Payroll Week, Sept. 7-11. Utilize IRS tools like the Tax Withholding Estimator and attend a webinar for updates.
Politics and GovernmentBusinessFederal GovernmentEconomyEmployment and LaborLegal IRSNational Payroll WeekPayrollWithholdingEmployment TaxFrank J. BisignanoTax System
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IRS Urges Paycheck Checkup for National Payroll Week
The IRS encourages workers to check tax withholding and employers to review payroll responsibilities during National Payroll Week, September 7-11. Resources like the Tax Withholding Estimator and a webinar are available to ensure accurate tax compliance.
Politics and GovernmentBusinessLaw EnforcementFederal GovernmentEconomyEmployment and LaborLegal IRSNational Payroll Weekpayrolltax withholdingemployersworkersemployment taxes
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Media Monitor: NPR Reports on Mail-in Voting, IRS Rule, ICE Officer Charges, and Record Diesel Prices
NPR is reporting the Trump administration asked the Supreme Court to block mail-in voting restrictions. It also covers IRS plans for race-based school programs, an ICE officer charged with lying, and record-high diesel prices.
Politics and GovernmentBusinessLaw EnforcementMediaFederal GovernmentElectionEconomyLegalEducation Mail-in VotingDonald J TrumpSupreme CourtIRSTax-exempt StatusICE OfficerDiesel PricesNPR Breaking NewsNPR
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IRS Reminds Taxpayers to Secure Financial Records for Disaster Preparedness
The IRS encourages taxpayers to safeguard vital tax and financial records as part of National Preparedness Month. Proactive steps like creating electronic copies and documenting property can ease recovery and access disaster relief resources.
Politics and GovernmentBusinessWeatherFederal GovernmentEconomyLegalGeneral WeatherEducation IRSDisaster PreparednessTax RecordsFinancial RecordsNational Preparedness MonthTax ReliefEmergency Planning
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IRS Reminds Taxpayers to Prepare Tax Records for Disasters
The IRS encourages taxpayers to protect vital tax and financial records ahead of disasters. Steps include securing documents, creating electronic copies, and documenting property, while also highlighting available disaster tax relief and resources.
Politics and GovernmentBusinessFederal GovernmentEconomyLegalEducation IRSDisaster preparednessTax recordsFinancial recordsEmergency plansDisaster reliefNational Preparedness Month
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Treasury and IRS Propose Ending Tax-Exempt Status for Discriminatory Private Schools
The Treasury and IRS have proposed new regulations to revoke federal tax-exempt status from private schools engaging in racial discrimination. This impacts up to 18,000 institutions and aligns with President Trump's executive orders.
Politics and GovernmentBusinessUSAGeneral PoliticsFederal GovernmentLegalEducationSocial Issues IRSTreasuryTax-Exempt StatusPrivate SchoolsRacial DiscriminationGovernment
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Treasury and IRS Propose Ending Tax-Exempt Status for Discriminatory Private Schools
The Treasury and IRS have proposed regulations to revoke federal tax-exempt status from private schools practicing racial discrimination. This move, affecting up to 18,000 institutions, follows President Trump's executive orders and aims to ensure merit-based opportunity.
Politics and GovernmentBusinessGeneral PoliticsFederal GovernmentLegalEducationSocial Issues TreasuryIRStax-exempt statusprivate schoolsracial discriminationPresident Trump
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Treasury, IRS Propose End to Tax-Exempt Status for Discriminatory Private Schools
The Treasury Department and IRS have proposed new regulations to revoke federal tax-exempt status from private schools engaging in racial discrimination. This move aligns with President Trump's executive orders, affecting up to 18,000 institutions and clarifying nondiscrimination standards.
Politics and GovernmentBusinessFederal GovernmentEducationLegalSocial IssuesGeneral Politics US Department of the TreasuryIRSTax-Exempt StatusRacial DiscriminationPrivate SchoolsEducation PolicyCivil RightsUS Treasury
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IRS Promotes Expanded Online Tools for Efficient Tax Management
The IRS encourages taxpayers, businesses, and tax professionals to use its growing suite of secure online tools on IRS.gov for efficient tax management, including accessing records, checking refunds, making payments, and managing authorizations, as part of its digital-first strategy.
Politics and GovernmentBusinessScience & TechnologyFederal GovernmentEconomyComputers and InternetLegalEducation IRSonline servicestaxpayerstax managementdigital toolstax professionalsbusinesses
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IRS Expands Online Services for Taxpayers, Businesses, and Professionals
The IRS is urging individuals, businesses, and tax professionals to use its growing suite of secure online tools on IRS.gov for managing tax tasks, checking refunds, making payments, and accessing records conveniently and efficiently.
Politics and GovernmentBusinessScience & TechnologyFederal GovernmentComputers and InternetEconomyEducation IRSOnline ServicesTaxpayersBusinessesTax ProfessionalsDigital ToolsTaxation
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Nebraska Governor Announces IRS Tax Relief for Fire and Storm Victims
Nebraska Governor Jim Pillen announced IRS tax relief for residents and businesses impacted by wildfires and storms since March 2026. Affected parties have until February 1, 2027, to file and pay taxes.
Politics and GovernmentBusinessState GovernmentsEconomyLegalDisasters NebraskaGovernor Jim PillenIRSTax ReliefWildfiresStormsDisaster DeclarationOffice of Nebraska Governor
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IRS Urges Early Filing for Extension Taxpayers, Highlights Free File Availability
The IRS encourages extension filers to submit their 2025 federal tax returns by October 15, utilizing IRS Free File for secure, no-cost e-filing. Early submission helps avoid rush and manage payments.
Politics and GovernmentBusinessMediaFederal GovernmentEconomyLegalDigital and Print Publishing IRSTax FilingFree FileTax ExtensionDeadlineIncome TaxE-file
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IRS Urges Early Filing for Tax Extension Holders, Highlights Free File Availability
The IRS encourages taxpayers with extensions to file their 2025 federal returns early using IRS Free File by October 15. This free service is for those with an AGI under $89,000, helping avoid rush and manage payments.
Politics and GovernmentBusinessFederal GovernmentEconomyLegalComputers and InternetEducation IRSTax ExtensionIRS Free FileTax FilingOctober 15Adjusted Gross IncomeFederal Tax Return
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IRS CEO Engages New York Tax Professionals on Key Tax Initiatives
IRS CEO Frank J. Bisignano met with New York tax professionals to discuss Trump Accounts, Working Families Tax Cuts, and the successful 2026 filing season, emphasizing collaboration for improved tax administration.
Politics and GovernmentBusinessGeneral PoliticsFederal GovernmentEconomyLegal IRSTax ProfessionalsNew York CityTrump AccountsWorking Families Tax CutsTax AdministrationGovernment
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IRS CEO Engages New York Tax Professionals on Administration and Filing Season Success
IRS CEO Frank J. Bisignano met with New York tax professionals to discuss tax administration, the successful 2026 filing season, and future improvements, including Trump Accounts and Working Families Tax Cuts.
Politics and GovernmentBusinessFederal GovernmentEconomyLegalEducation IRSFrank J. BisignanoTax ProfessionalsNew York CityTax AdministrationWorking Families Tax CutsTax Filing Season
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IRS to Retire FIRE System, Mandates Switch to IRIS for 2027 Filing
The IRS is retiring its FIRE e-file system, requiring information return filers to transition to the new IRIS platform by November 19, 2026, for the 2027 filing season. Prepare now by applying for an IRIS TCC.
Politics and GovernmentBusinessFederal GovernmentEconomyComputers and InternetLegalEducation IRSInformation ReturnsE-filingFIRE systemIRIS systemTax ComplianceGovernment
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IRS Announces Transition from FIRE to IRIS E-File System
The IRS is retiring its FIRE e-file system, transitioning to the new IRIS platform for 2027 filing season. Filers must prepare for key November deadlines and apply for new TCCs to ensure compliance with the modernized information return submission process.
Politics and GovernmentBusinessFederal GovernmentEconomyComputers and InternetLegal IRSInformation ReturnsE-fileFIRE systemIRIS systemTaxFiling Season
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IRS Urges Filers to Transition to New IRIS System
The IRS is retiring its FIRE e-file system, urging information return filers to transition to the new IRIS platform by November 2026. This change is mandatory for the 2027 filing season.
Politics and GovernmentBusinessFederal GovernmentEconomyLegalEmployment and Labor IRSInformation ReturnsIRISFIRE systemE-filingTax Season 2027Tax Compliance
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IRS Urges Filers to Transition to New IRIS E-file System
The IRS is retiring its FIRE e-file system, urging information return filers to transition to the new IRIS platform before the 2027 filing season. Key deadlines are in November 2026 for this mandatory switch.
Politics and GovernmentBusinessScience & TechnologyFederal GovernmentEconomyComputers and InternetLegal IRSInformation ReturnsE-fileFIRE systemIRIS systemTax FilingSystem Transition
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IRS Keeps Interest Rates Steady for Fourth Quarter 2026
The IRS announced interest rates for tax overpayments and underpayments will remain unchanged for the fourth quarter of 2026. Individuals face 7%, while corporate rates vary, based on the federal short-term rate.
BusinessPolitics and GovernmentEconomyFederal GovernmentLegalFinancial Markets IRSInterest RatesTaxationOverpaymentsUnderpaymentsCorporationsIndividuals
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IRS Interest Rates Unchanged for Fourth Quarter 2026
The IRS announced interest rates for Q4 2026 will remain constant. Individuals face 7% for overpayments and underpayments, while corporate rates vary from 4.5% to 9% depending on the type and amount.
Politics and GovernmentBusinessFederal GovernmentEconomyLegal IRSInterest RatesTaxesOverpaymentsUnderpaymentsCorporationsIndividuals
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IRS Introduces Digitally Authenticated Tax Compliance Report
The IRS has launched a new digitally authenticated Tax Compliance Report, available through Individual Online Accounts. This secure report simplifies sharing tax compliance information for jobs, loans, and benefits, featuring a digital certificate for authenticity and privacy protection.
Politics and GovernmentBusinessScience & TechnologyFederal GovernmentEconomyComputers and InternetLegal IRSTax Compliance ReportDigital CertificateOnline AccountTaxpayersFinancial InstitutionsGovernment Benefits
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IRS Unveils Digitally Authenticated Tax Compliance Report
The IRS has introduced a new digitally authenticated Tax Compliance Report, available through Individual Online Accounts. This secure, on-demand report simplifies sharing tax compliance information for jobs, loans, or benefits, featuring a digital certificate for authenticity and privacy protection.
Politics and GovernmentBusinessFederal GovernmentEconomyComputers and InternetLegalEmployment and LaborBanking IRSTax Compliance ReportIndividual Online AccountDigital CertificateTax InformationGovernment ServicesFinancial Institutions